Go to previous versions of this Section
2021 (you are here)
2020
2019
2018
2017
Other previous versions

2021 US Code
Title 48 - Territories and Insular Possessions
Chapter 20 - Puerto Rico Oversight, Management, and Economic Stability
Subchapter II - Responsibilities of Oversight Board
Sec. 2150 - No full faith and credit of the United States

Previous Next
Download PDF
Citation 48 U.S.C. § 2150 (2021)
Section Name §2150. No full faith and credit of the United States
Section Text (a) In general

The full faith and credit of the United States is not pledged for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality. The United States is not responsible or liable for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality.

(b) Subject to appropriations

Any claim to which the United States is determined to be liable under this chapter shall be subject to appropriations.

(c) Funding

No Federal funds shall be authorized by this chapter for the payment of any liability of the territory or territorial instrumentality.
Source Credit

(Pub. L. 114–187, title II, §210, June 30, 2016, 130 Stat. 576.)
Editorial Notes EDITORIAL NOTES REFERENCES IN TEXT

This chapter, referred to in subsecs. (b) and (c), was in the original "this Act", meaning Pub. L. 114–187, June 30, 2016, 130 Stat. 549, known as the Puerto Rico Oversight, Management, and Economic Stability Act and also as PROMESA, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 2101 of this title and Tables.
Publication Title United States Code, 2018 Edition, Supplement 3, Title 48 - TERRITORIES AND INSULAR POSSESSIONS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 48 - TERRITORIES AND INSULAR POSSESSIONS
CHAPTER 20 - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY
SUBCHAPTER II - RESPONSIBILITIES OF OVERSIGHT BOARD
Sec. 2150 - No full faith and credit of the United States
Contains section 2150
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law No
Disposition standard
Statutes at Large References 130 Stat. 576, 549
Public Law References Public Law 114-187
Previous Next
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.